A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Happy Friday and post-New Year’s Day!
We begin the first trading day of 2009 “In A Silent Way”, as the old Miles Davis jazz standard goes….
Depending on your particular Price and Data Feeds, nice Gaps may have started out the New Year for you.
Most Currency Units are in tight rangebound areas, and moving along slowly as of this writing at 10 GMT.
EuroZone is beginning the New year with falling Manufacturing demand, although sentiment for the pair is slightly bullish…at least in the imeddiate near-term.
We still have some nice “noisy” movement so far so as always…be aware of the Price deviation as we move through the day.
EUR/USD gives a fine indication for market sentiment and mood, so click on the capture for a look!
We retained our carry-over Fib areas, and have plenty of potential levels to work with in a nice little Range here.
If you are choosing to work in this environment…proceed with caution and diligence as always…we may certainly see some deep and choppy swings in Price action here.
Fundamentally, a rather quiet day with a bit of U.K. Data and ISM Manuafacturing from the U.S.
This Release is always interesting for me, since the Institute for Supply Management is located right in my city!
I’ll be with you for this release and we see how we are moving through the day!